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Gold prices of 24-karat in the local market rose today by about 11 pounds per gram, reaching 6,982 pounds compared to 6,971 pounds at the end of yesterday. Additionally, a 10-gram gold bar is approximately 69,820 pounds, a 50-gram bar about 349,100 pounds, while the value of an ounce (31.1 grams) is around 217,140 pounds. The prices of bars vary among traders according to manufacturing costs and profit margins, and are calculated based on the price of 24-karat gold per gram.
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